Excerpt: The Internal Revenue Service issued final regulations on qualified automatic contribution arrangements (QACAs) under Section 401(k)(13) of the tax code and eligible automatic contribution arrangements (EACA) under Section 414(w) of the tax code. QACAs and EACAs are two types of automatic contribution arrangements created under the Pension Protection Act of 2006.... The final regulations retained one important aspect of the proposed regulations, requiring that both QACAs and EACAs be adopted prior to the beginning of a plan year. In other words, neither a QACA or EACA may be adopted mid-year. Although retaining this feature of the proposed regulations, the final regulations adopted numerous other changes from the proposed regulations for both QACAs and EACAs as described in more detail[.]

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